The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

UPDATE 2-Vodafone, Avea, Turkcell offer highest bids in Turkey's 4G tender

Wed, 26th Aug 2015 13:42

(Adds further bids, details)

By Tulay Karadeniz

ANKARA, Aug 26 (Reuters) - Britain's Vodafone andTurkish firms Avea and Turkcell were thehighest bidders in tenders for Turkey's fourth-generation (4G)network, the tender commission chairman said on Wednesday.

The bandwidths to be used for the 4G network have beendivided into packages, to be divided up broadly equally betweenthe operators, the only three in Turkey.

Vodafone offered the highest bid of 390 million euros ($447million) for the A1 800Mhz bandwidth, and Avea the highest with380 million euros for the A2 package, Deniz Yanik announced inthe capital Ankara.

Turkcell's offer of 372.93 million euros was the largest forthe A3 package, with the final results of the tender processexpected later on Wednesday.

The tender was postponed in May, weeks after PresidentTayyip Erdogan urged Turkey not to "lose time" with 4G and tomove straight to 5G, for which technical standards do not yetexist.

4G and 5G refer to the latest technology standards formobile devices. Fourth-generation technology, which wentmainstream worldwide around 2010, enables users to watch videosand download big documents on their phones.

In an apparent bid to placate Erdogan, Turkish officials haddubbed the technology being auctioned as 4.5G, but subsequentlydropped the term. Wednesday's tender is a sale of mobilespectrum used all over Europe for 4G, which allows for up to 10times faster mobile broadband than 3G technology.

The three operators also each posted the highest bids insubsequent less costly tenders for higher bandwidths, Yaniksaid.

Generally, lower bandwidths offer faster data speeds butover a shorter distance and are useful for densely populatedareas, while larger bandwidths offer greater coverage but lessspeed for rural areas.

The fifth-generation technology Erdogan craves remains yearsaway from formal definition and is not expected to be ready forwidespread commercial rollouts until 2020.($1 = 0.8721 euros) (Reporting by Leila Abboud in Paris and Eric Auchard inFrankfurt, writing by Jonny Hogg; editing by Susan Thomas andEce Toksabay)

Related Shares

More News
2 May 2024 07:03

Swisscom posts steady Q1 profit, says Vodafone Italia deal on track

May 2 (Reuters) - Telecoms group Swisscom reported a slightly lower first-quarter core profit on Thursday, but beat market expectations, as business...

2 May 2024 06:35

Swisscom plans completion of Vodafone Italia takeover in Q1 2025

May 2 (Reuters) - Swiss telecoms group Swisscom said on Thursday its takeover of Vodafone Italia is on track and expected to be completed in the fir...

16 Apr 2024 08:41

Vodafone appoints SAP's Marika Auramo as CEO of Business arm

(Alliance News) - Vodafone Group PLC on Tuesday said Marika Auramo has been appointed as chief executive of Vodafone Business.

16 Apr 2024 07:46

Vodafone taps SAP executive to lead business division

(Sharecast News) - Vodafone announced the appointment of Marika Auramo as chief executive of Vodafone Business on Tuesday, effective from 1 July.

4 Apr 2024 15:58

London close: Stocks manage gains ahead of US payrolls report

(Sharecast News) - London markets closed higher on Thursday, driven by a robust showing from the mining sector and as investors contemplated the UK se...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.